Title 41 — State Government

In applying and construing this uniform act, consideration must be given to the need to promote uniformity of the law with respect to its subject matter among states that enact it.

This article modifies, limits and supersedes the electronic signatures in global and national commerce act (15 United States Code section 7001 et seq.) but does not modify, limit or supersede section 101(c) of the electronic signatures in global and national commerce act (15 Unit…

In this chapter, unless the context otherwise requires: 1. "Applicable agency" means a department or agency of this state established by law to regulate certain types of business activity in this state and persons engaged in such business, including the issuance of licenses or ot…

The attorney general shall establish a regulatory sandbox program in consultation with applicable agencies of this state to enable a person to obtain limited access to the market in this state to test innovative financial products or services or other innovations without obtainin…

A. Any person may apply to enter the regulatory sandbox to test an innovation. B. The attorney general must accept and review each application for entry into the regulatory sandbox on a rolling basis. C. An application must demonstrate that an applicant both: 1. Is an entity or i…

A. The attorney general must consult with an applicable agency before admitting a person into the regulatory sandbox. This consultation may include seeking information about: 1. Whether the applicable agency previously has either: (a) Issued a license or other authorization to th…

A. If the attorney general approves an application for entry into the regulatory sandbox, the applicant is deemed a sandbox participant and both of the following apply: 1. The sandbox participant has twenty-four months after the date of approval to test the innovation described i…

A. Before providing an innovation to consumers, a sandbox participant must disclose to consumers all of the following: 1. The name and contact information of the sandbox participant, including the registration number provided by the attorney general pursuant to section 41-5605. 2…

A. At least thirty days before the end of the twenty-four-month regulatory sandbox testing period, a sandbox participant must either: 1. Notify the attorney general that the sandbox participant will exit the regulatory sandbox, wind down its test and cease offering any innovative…

A. A sandbox participant may request an extension of the regulatory sandbox testing period or an increase in the consumer cap established by section 41-5605 for the purpose of pursuing a license or other authorization required by law. B. The attorney general may grant or deny a r…

A. A sandbox participant must retain records, documents and data produced in the ordinary course of business regarding an innovation tested in the regulatory sandbox. B. If an innovation fails before the end of the testing period, the sandbox participant must notify the attorney …

A. Records that are submitted to or obtained by the attorney general in administering this chapter are not public records or open for inspection by the public. B. Records and information that are submitted or obtained pursuant to this chapter may be disclosed to any of the follow…

A. The attorney general may establish periodic reporting requirements for sandbox participants. B. The attorney general may seek records, documents and data from sandbox participants. On the attorney general's request, sandbox participants must make such records, documents and da…

1. "Board" means the school facilities oversight board. 2. "Division" means the division of school facilities within the department of administration.

B. The director of the department of administration shall appoint the director of the division.

A. The school facilities oversight board is established within the division consisting of the following members who are appointed by the governor pursuant to section 38-211 in such a manner as to provide for approximate geographic balance and approximate balance between public an…

A. The division shall: 1. Assess school facilities and equipment deficiencies and approve the distribution of grants as appropriate. 2. Maintain a database of school facilities to allow for the administration of the new school facilities formula and the building renewal grant fun…

A. In order to fulfill the requirements of section 41-5741, the board may acquire school facilities for the use of one or more school districts by entering into one or more lease-to-own transactions in accordance with this section. For the purposes of this section, providing scho…

A. In order to fulfill the requirements of section 41-5741, with the approval of the board, a school district may acquire school facilities by entering into a local lease-to-own transaction in accordance with this section. For purposes of this section, providing school facilities…

A. In order to fulfill the requirements of section 41-5741, the board may enter into lease-to-own transactions for up to a maximum of $200,000,000 in any fiscal year. B. The board shall not enter into lease-to-own transactions, including any refinancings or refundings, pursuant t…

A. The board, as determined and prescribed in this chapter, shall provide funding to school districts for new construction as the number of pupils in the district fills the existing school facilities and requires more pupil space. B. School buildings in a school district are adeq…

B. If the division determines that there are insufficient monies in the emergency deficiencies correction fund to correct an emergency, the school district may correct the emergency pursuant to section 15-907. C. If a school district has an emergency, the school district shall ap…

A. The building renewal grant fund is established consisting of monies appropriated to the fund by the legislature. The division shall administer the fund and distribute monies to school districts for the purpose of maintaining the adequacy of existing school facilities. Monies i…

A. The new school facilities fund is established consisting of monies appropriated by the legislature and monies credited to the new school facilities fund pursuant to section 37-221. The division shall administer the new school facilities fund and, at the direction of the school…

A. The board may issue negotiable revenue bonds pursuant to this article. If authorized by the legislature, bonds may be issued under this article in a principal amount not exceeding $200,000,000 in a fiscal year to: 1. Provide monies to pay the cost of: (a) Acquiring real proper…

A. The board shall issue the bonds in the number and amount provided in the resolution. B. The bonds shall be sold at public or private sale at the price and on the terms prescribed in the resolution at, above or below par. C. The net proceeds of the sale of the bonds shall be de…

A. If the board issues revenue bonds under this article, the board shall establish a school facilities revenue bond proceeds fund consisting of the net proceeds received from the sale of the bonds. B. The board may use monies in the school facilities revenue bond proceeds fund on…

A. The board shall establish a school facilities revenue bond debt service fund consisting of monies transferred to the fund pursuant to sections 37-521 and 42-5030.01. B. Monies in the school facilities revenue bond debt service fund may be used only for the purposes authorized …

1. Segregate the school facilities revenue bond debt service fund into one or more accounts and subaccounts and provide that bonds issued under this article may be secured by a lien on all or part of the monies paid into the school facilities revenue bond debt service fund or int…

A. Any pledge made under this article is valid and binding from the time when the pledge is made. B. The monies so pledged and received by the board to be placed in the school facilities revenue bond debt service fund are immediately subject to the lien of the pledge without any …

The board may purchase bonds for cancellation out of any monies available for the purchase, at a price of not more than either of the following: 1. If the bonds are redeemable at the time of the purchase, the applicable redemption price plus accrued interest to the next interest …

A. The revenue bonds shall be paid solely from monies from the school facilities revenue bond debt service fund established by section 41-5754 and other monies that are credited to the school facilities revenue bond debt service fund. B. The state treasurer or the paying agent fo…

A. As provided by section 41-5761, the board may authorize the state treasurer or bond trustee to invest monies in the school facilities revenue bond proceeds fund established by section 41-5753. B. The order directing an investment shall state a specified time when the proceeds …

A. The board may authorize the state treasurer or bond trustee to invest and reinvest any monies in the school facilities revenue bond debt service fund as provided by section 41-5761. B. All monies earned as interest or otherwise derived from the investment of the monies in the …

A. On notice from the board, the state treasurer or bond trustee shall invest and divest monies in either the school facilities revenue bond proceeds fund or the school facilities revenue debt service fund in any of the following: 1. Obligations issued or guaranteed by the United…

A. Bonds issued under this article are fully negotiable within the meaning and for all purposes of the uniform commercial code, subject only to any provisions for registration, regardless of whether the bonds actually constitute negotiable instruments under the uniform commercial…

A. Bonds issued under this article remain valid and binding obligations of the board notwithstanding that, before the delivery of the bonds, any of the persons whose signatures appear on the bonds cease to be members of the board. B. An amendment of any provision of this article …

A. This article constitutes full authority for authorizing and issuing bonds without reference to any other law of this state. No other law with regard to authorizing or issuing obligations or that in any way impedes or restricts performing the acts authorized by this article may…

A. The board may issue revenue bonds in a principal amount not to exceed $800,000,000 pursuant to this article. The board may also issue qualified zone academy bonds within the meaning of section 1397e of the United States internal revenue code of 1986 or successor provisions pur…

A. The board shall issue the school improvement revenue bonds in the number and amount provided in the resolution. B. The bonds shall be sold at public or private sale at the price and on the terms prescribed in the resolution at, above or below par. C. The net proceeds of the sa…

A. If the board issues revenue bonds under this article, the board shall establish a school improvement revenue bond proceeds fund consisting of the net proceeds received from the sale of the bonds. B. The board may use monies in the school improvement revenue bond proceeds fund …

A. The board shall establish a school improvement revenue bond debt service fund consisting of monies received by the board pursuant to section 42-5029, subsection E and section 37-521, subsection B, paragraph 1. All monies received pursuant to section 42-5029, subsection E shall…

A. In connection with issuing bonds authorized by this article and to secure the principal and interest on the bonds, the board by resolution may: 1. Segregate the school improvement revenue bond debt service fund into one or more accounts and subaccounts and provide that bonds i…

A. Any pledge made under this article is valid and binding from the time when the pledge is made. B. The monies so pledged and received by the board to be placed in the school improvement revenue bond debt service fund are immediately subject to the lien of the pledge without any…

The board may purchase bonds for cancellation out of any monies available for the purchase at a price of not more than either of the following: 1. If the bonds are redeemable at the time of the purchase, the applicable redemption price plus accrued interest to the next interest p…

A. The revenue bonds shall be paid solely from monies from the school improvement revenue bond debt service fund established pursuant to section 41-5784 and other monies that are credited to the school improvement revenue bond debt service fund. B. The state treasurer or the payi…

A. As provided by section 41-5791, the board may authorize the state treasurer or bond trustee to invest monies in the school improvement revenue bond proceeds fund established pursuant to section 41-5783. B. The order directing an investment shall state a specified time when the…

A. The board may authorize the state treasurer or bond trustee to invest and reinvest any monies in the school improvement revenue bond debt service fund as provided by section 41-5791. B. All monies earned as interest or otherwise derived from the investment of the monies in the…

A. On notice from the board, the state treasurer or bond trustee shall invest and divest monies in either the school improvement revenue bond proceeds fund or the school improvement revenue bond debt service fund in any of the following: 1. Obligations issued or guaranteed by the…

A. Bonds issued under this article are fully negotiable within the meaning and for all purposes of the uniform commercial code, subject only to any provisions for registration, regardless of whether the bonds actually constitute negotiable instruments under the uniform commercial…